An investment of $1000 was made 25 years ago. The amount available 10 years from now at

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An investment of $1000 was made 25 years ago. The amount available 10 years from now at the market interest rate of 5% per year and an inflation rate of 2% per year is closest to:

(a) $3085

(b) $5430

(d) $35,000

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 26, 2018 07:35 AM

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An investment of $1000 was made 25 years ago. The amount available 10 years from now at

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Engineering Economy

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